Oppenheimeranalyst Param Singh initiated coverage onNutanix Inc(NASDAQ:NTNX) with an Outperform rating and a price target of $80.

Singh's optimistic outlook hinges on several critical factors, including the rising demand for HyperConverged Infrastructure (HCI), market share opportunities from weakening VMware, and strong adoption of unstructured data solutions, particularly for AI-driven workloads.

Singh accentuated that Nutanix benefits from the shift in enterprise data centers toward HCI solutions, which integrate computing, storage, and networking into a single, streamlined platform.

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Singh said the HCI software market...